Eldorado Gold announces €680M project financing, approves full re-start of construction at Skouries EldoradoGold
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The company said that the term facility is non-recourse to Eldorado and the collateral securing the term facility covers the Skouries project and the Hellas operating assets, adding that the remaining 20% of project funding is expected to be fully covered by Eldorado's existing cash and future cash flow from operations.
Eldorado noted it remains confident in the capital cost estimate of $845 million to bring the Skouries project into commercial production, and believes it is well-positioned to execute.
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